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U.S. Department of Energy
Office of Scientific and Technical Information

Economic growth among industrialized countries: why the United States lags. [Monograph]

Book ·
OSTI ID:5284013

Changes in international politics and economic systems have altered US relationships in ways that policymakers need to understand if our private-enterprise system is to function effectively abroad. The concept of demand management has come under attack as the US economic performance has slipped. Recent economic growth is reviewed with a focus on the lag in savings rates, investment ratios, and the effects of technological change. Trade agreements are reviewed to identify the causes for the unsatisfactory performance. The effect of government policies that emphasize other goals than economic growth suggests that these policies could be redesigned to increase productive capacity and savings. The proposals outlined to accomplish this are designed to shift resources from the consumption side to plant and research investments. 21 references, 3 figures, 21 tables. (DCK)

OSTI ID:
5284013
Country of Publication:
United States
Language:
English